Rosan Confirms Danantara Has Acquired GOTO Shares, Plans to Gradually Increase Stake - Market

Bisnis.com, JAKARTA — The Investment Management Agency Daya Anagata Nusantara (Danantara) has confirmed the government’s strategic move into the share ownership structure of PT GoTo Gojek Tokopedia Tbk (GOTO). Chief Executive Officer (CEO) of Danantara, Rosan P. Roeslani, verified that the institution he leads has realised the acquisition process for a portion of shares in the online motorcycle taxi application. He emphasised that the government’s entry into the ownership structure of the ride-hailing app will not stop here. “We [Danantara] have entered and will continue to increase [the share portion] gradually,” Rosan stated briefly at the Coordinating Ministry for the Economy office in Jakarta on Tuesday (5/5/2026). This corporate move by the sovereign wealth fund aligns with statements from Deputy Speaker of the Indonesian House of Representatives (DPR RI), Sufmi Dasco Ahmad. Previously, during an audience for Labour Day commemorations on Friday (1/5/2026), Dasco revealed that the government, through Danantara, intentionally took a stake in the ride-hailing app as a direct intervention to restructure a more profitable business model for drivers. This intervention specifically targets reducing the fee or commission deductions taken by the platform from the previous range of 10% to 20% to a single digit, namely only 8%. “First and foremost, then lowering the fees taken by the platform, previously 20 or 10 percent, so the platform will only take 8% of what is collected,” explained the daily chairman of the Gerindra Party at the parliamentary complex. He explained that Danantara’s manoeuvre is a direct execution of instructions from President Prabowo Subianto. On May Day, the head of government emphasised that the net income portion for ride-hailing drivers must be raised to at least 92%. If the platform is unwilling to cut commissions below 10%, Prabowo firmly invited them to leave the country. “Ride-hailing drivers work hard, risking their lives every day. Ride-hailing drivers are asked to deposit 20%. I want it below 10%. If not willing, no need to operate in Indonesia,” Prabowo stated firmly in front of tens of thousands of workers and ride-hailing drivers. As the legal umbrella, Prabowo has also signed Presidential Regulation (Perpres) No. 27 of 2026 on the Protection of Online Transportation. This latest regulation mandates platforms to ensure workplace safety for drivers, including obligations to provide BPJS Health facilities and health insurance. Meanwhile, regarding fundamental demands from labour unions on changing the status of ride-hailing drivers from mere ‘partners’ to formal ‘workers’, Dasco stated that the government along with the DPR is still conducting discussions. That policy option is currently in the simulation stage to produce the most appropriate decision for the industry and driver welfare.